I love finding great reading material (for ANY subject, really).

If you sell after 5, you’ll get a 10% reduction in the amount of deferred capital gain subject to tax. 

If not then repeat steps that got you your second property.There are better strategies like using rehab loans and buying right to be able to refinance into an investment loan very quickly but this post is meant for the people who are likely to be working with agents and lender that are not knowledgeable about the subject.

But five years of living and breathing design has taught me so much- including many things I use all the time as a designer and project manager.That's the bulk of my experience outlined; I have for a long time known that property management and investing is the direction I wanted to take my career, and all these years I keep swinging back to residential management and wealth building, reminding myself again and again that it is right up my alley to pursue (and I'm not getting any younger).Now, having been laid off on NYE, it seemed appropriate to take this time to build my business.I don't have any savings to bring to the table (one of the problems with the last job was low pay for the level of work I was completing). 

(Purchase price, closing time, if furnace, stove heater,etc are included, financial, inspection, etc) Conditions can be whatever you like - "property stays in substantially the same condition", "no tax liens on the property", or, best, "subject to due diligence by the purchaser".

- Purchase price- Rehab cost- ARV (after-repair value)Items a HML would look at preliminarily to see if you're a fit as a borrower:- # of RE transactions (most lenders will go by the past 3 years completed projects, and will want to see projects similar to the subject property, although you can certainly find lenders that will work with limited exp.)- Liquidity (most lenders will include things like stocks/bonds, and money in retirement accounts as well as cash, but will mark the former at a discount, say 50%)- Estimated FICODo I get some kind of preapproval?

     I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Balance: $7.5MCurrent Balance: $7.0MAcquisition price: $9MRemaining loan term: 80 months Also any website/articles outlining the loan assumption process would be appreciated. 

Read these links (hope they work) and of course, consult your tax professional.Two blogs that talk about this situation.https://blog.militarybyowner.com/important-tax-matters-for-military-families-when-selling-or-renting-a-homehttps://blog.militarybyowner.com/the-effect-of-capital-gain-tax-exclusions-on-military-home-sellersIRS Topic 701 - The Sale of Your Homehttps://www.irs.gov/taxtopics/tc701IRS - Publication 523 (2018), Selling Your Home - which outlines the exclusions.https://www.irs.gov/publications/p523#en_US_2018_publink100073089

There is case law and DOL opinion letters on the subject.

Simply keep the deposit, send them a bill for breaking the lease and outlining that you took it out of the deposit.You can't keep the deposit because they break the lease.